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at the connecticut elementary school. our deepest prayers and sympathies to all of the families and others hit by this senseless tragedy. the horror of the story may have muted trading on wall street today, as all priorities are being rearranged in a moment, and we will get you caught up on these markets in just a moment, but first we want to let you know. president obama is set to make a statement on this tragedy from the white house around 3:15 eastern. our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bill, the horror of this tragedy is also muted talk of anything else in washington for the day, including the fiscal cliff and all the issues that we've been discussing for some time now, but one of the jobs of a president is to console victims and to console the nation at a time of grief of this magnitude, so we're going to hear from the president at 3:15. jay carney earlier saying he wasn't going to discuss issues like gun control. it wasn't a day for politics. it's a day to focus on the victims of the tragedy, so you can expect the
on the bridges in connecticut to make this system to attract the ridership that we need to make that, those cost savings and that calculation work. >> i guess what i'm referring to also is the fact that the $4 billion in revenue that is projected, that's just one number, one benefit, one source. it's certainly far from what we should be talking about obvious. everybody knows that, but the more you can give us, the more you can parse this, different angles you might take. i'm sure it's all going to be helpful. >> and we will absolutely do that with amtrak and our partners at the u.s. dot. >> thank you. my time is up. >> any further questions from any members of the committee? seeing none, i'd like to thank each of our witnesses for your testimony today. i ask unanimous consent at the record of today's agreement open until such time as our witnesses have provided answers to any questions that have been submitted to them in writing. and unanimous consent the record remain open for 15 days for additional comments and information submitted by members for which it is to be included in the record of to
a couple of big steps back. >> good evening from newtown, connecticut. we'll have more on that coming up. >> and in washington, the nra breaks it's silence. the kudlow report starts now. >> all right let's go to john harwitt first in dc. i think i agree with what you were saying first. >>> he moved to plan b and the hope that further negotiations could produce progress. >> our plan b would protect american taxpayers who make $1 million or less and have their current rates extended. i continue to have hope. that would reduce spending as well as revenues on the table. >> but of course the democrats in the senate. didn't see plan b as a step forward. harry reid came out and said, john boehner is walking away from the nenegotiations. >> every time we get down to something from the long-term financial think for this country. they do the charlie brown thing, they jerk the ball away. and this is what is going on. >> the posturing conceals the process that we are not aware of. but i talked to a budget aid that said, he thinks things are getting worse in terms for prospects of a deal. >> by the w
. >> reaction to the newtown, connecticut, school shootings continued today on capitol hill. from the senate floor, this is 40 minutes. >> mr. president, we appear to be in one of those periods of time where we're walking too often through the valley of the shadow of death. senator bloomen tall and i come to the floor to speak.the tragedy that occurred, the senseless, horrific attacks on innocent people in newtown, connecticut, last friday, but we must also note with extraordinary respect and a sense of love, the depth of our truly beloved colleague, senator dan inouye of hawaii. americas, as senator read and senator durbin made so clear, america has lost a true hero, patriot. this senate has lost a great leader, a leader whose accomplishments have been literally historic, and i think all of us have lost a friend. last evening, senator kaka spoke about how dan inouye's legacy -- i'm paraphrasing here -- was all around hawaii, and all that he had done for the state. the truth is i think that most every state in the country is full of legacies of the service of dan inouye. i know it's true of
a shooting killed 26 people at a connecticut primary school. a report from washington. >> a fire in the early morning in a comfortable lakeside community. the phone call that brought forth small town firefighters to the blaze, and out of nowhere, a tragedy on christmas eve. >> all four firefighters were shot at the scene. one firefighter was able to flee the scene on his own, and the other three were p&l in the location. >> two firefighters died of their wounds at the fire, and it took an armored personnel carrier to evacuate residents. the town is distraught. >> it is a very difficult situation. >> a heightened awareness to this kind of violence in light of what happened in connecticut, and i just want everyone to remember that it is christmas eve. we have families who are in pain and crisis today. >> all week, they have been burying the dead in newtown, connecticut, and all week, the argument over the kind of guns available in america and the kind of people that can get all of them. it has gone back and forth. while the fire he said raged, the gunman killed himself. he had already spent 17
about evil, suffering and tragedy. especially after the massacre at the connecticut elementary school, many religious leaders repeated calls for stricter gun control measures. some called it a pro-life issue. one of the mass shootings took place in a house of worship. in august, six people were killed when a gunman opened fire at a sikh temple in oak creek, wisconsin. once again, religion played an important role in the presidential election. for the first time ever, there were no white protestants on either ticket. although there wasn't a lot of god talk from president obama or mitt romney, grassroots religious groups were active on both sides. evangelical voters were divided dung t primary season, but in the end, they rallied around romney, despite some concerns about voting for a mormon candidate. still, their support didn't put him over the top. obama narrowly won the catholic vote, thanks to a strong showing among latino catholics. the u.s. catholic bishops waged an active campaign against the obama administration's decision to require employers, including many faith-based employ
tragedy. we'll have the late on the senseless school shooting in connecticut in just a moment for you, but, first, take a look at how we're finishing the day on wall street. declines on the market. once again worries about the fiscal cliff going into year end. the dow jones industrial average down about 33 points on the session at 13,137. volume really stopped in the middle of the day. we saw things slow down quite a bit on the heels of the awful shooting and fatalities in connecticut. the nasdaq and s&p 500 also under pressure today. the mood down here impacted by the awful events in connecticut with us is hank smith of haverford investments and maggie patel and rajai from barclays and one of baron's top ranked financial advisers for the year. congratulations on that. sandy, nice numbers. okay. let's talk about the buying opportunities and how allocate capital in the midst of all of thighs issues that we talk about so much, in particular the fiscal cliff. >> well, i don't think you can trade around the fiscal cliff. if you have cash and plenty of people have cash on the sidelines and you
of connecticut to be united states district judge. the presiding officer: the senator from vermont is recognized. mr. leahy: madam president, the senate is finally being allowed to vote today on the nomination of michael shea to be a district judge in the united states district court for district -- the district of connecticut. it has taken a long time for this day to come but he will be confirmed, and i congratulate him and his family on his confirmation and i congratulate the two senators from connecticut for finally having this come to a vote. i mention this not to urge that we confirm him because we will and i will very proudly vote for him, but michael shea is another nominee whose nomination was stalled for months for no good reason. the judiciary committee and the distinguished presiding officer serves on that committee will call we gave his nomination strong bipartisan support, more than seven months ago. he has the support of both home state senators, both senator lieberman and senator blumenthal. he has significant litigation experience. he is a graduate of yale law school. he clerked
in newtown, connecticut. what can be done, if politics is the art of the possible? where does the possible reside in america? we talk solutions today on "power lunch." my partner, sue herera, sue? >> let's look at where major averages sit right now. just a second ago, we were up 80 point on the dow. we are close to the highs of this session so far. nasdaq composite is up 29 on the trading session and s&p 45u7b is up 13. it is that optimism over the fiscal cliff which increased over the weekend after house speaker boehner edged ever closer to president obama's position. indeed, the speaker met with the president at the white house this morning. eamon javers is at the white house. eamon? >> previous meetings between the president and speaker had been telegraphed a little bit. this one was not today. this is an interesting development but a grim-faced speaker bainer who arrived back up on capitol hill not talking to reporters. we don't yet have a sense of what was in the meeting, what the substance of it was. what we do know is what speaker boehner offered on friday, in a phone call to the pr
shooting last week. >> after the school shooting in connecticut, president barack obama said he is prepared to put the full weight of his office behind this issue. these are the victims. three more children. in newtown, connecticut w ednesday. politicians are discussing how to prevent another mass killing in their classrooms. >> we have an obligation to try. >> he has put his vice president in charge with coming up with suggestions. >> there is already a growing consensus. in majority of americans support banning the sale of military-style assault weapons, a majority of americans support banning the sale of high capacity ammunition clips. >> the president is not saying that he is considering laws that would get rid of the 200 million guns that are already owned in the u.s. most of the pro-gun rights congressman have stayed quiet in the last few days but some are starting to come out to say they will fight any legislation. >> no, they will not fix it. >> people believe for the first time in a very long time this mass shooting, more than the others, can force congress to act. >> i think peopl
money." i'm jim cramer. see you tomorrow! hey, larry, what do you have for us? connecticut, where the first of the victims from the tragedy here were laid to rest today. this grieving town begins the process of saying good-bye, investigators continue their search for how and why it all happened here. i'll have more coming up. devastation of superstorm sandy, but wait until you hear about all the pork loaded into this $60 billion sandy relief bill. hardly any of it gets to sandy and the actual survivors. we'll get to all that. "the kudlow report" begins right now. >>> first up, 14 days and the clock is still running for a deal to prevent the nation's economy from falling off the tax and fiscal cliff. president obama, speaker boehner, they huddled at the white house today once again, but are we really any closer to a compromise? we go back to cnbc's eamon javers who joins us from washington with all the details. good evening. >> reporter: good evening, larry. you're right, they did meet today. it was a surprise meeting not announced as the previous meetings between the two men have
colleague from connecticut, rosa delauro, has introduced that bill year after year. you said that the federal government can borrow money, 10-year notes, even 15-year notes, somewhere around 1.5%, maybe toward 2%. if we were to borrow that, put it into an infrastructure bank and then loan money to infrastructure projects that have a cash flow, sanitation facility, water facility, toll bridges and numerous other kinds of infrastructure, which is desperately needed, we could have a financing system that over time would actually make money for the federal government. could borrow at 1.5%, loan at 1.75%, have a margin there, the money would flow back in. you'd get that revolving. the president has actually proposed this in his american jobs act. he's picked this up during his debate, the fiscal cliff negotiations, put it back on the table. we ought to be doing that. in doing so we will create tens of thousands, indeed hundreds of thousands of american jobs. american jobs. and if we couple that with buy american so that the equipment, the steel, the concrete, the other ingredients
a more peaceful holiday for those families in connecticut. that's still ahead on "the fox report." [ both ] people loved our wedding slide show. that is the end... of carousel one. ...of carousel one. there's carousel two! all right! [ male announcer ] when you combine creamy velveeta with zesty rotel tomatoes and green chiles, you'll get a bowl of queso that makes even this get-together better. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >> jamie: the national rifle association again insisting that gun regulation also not make children any safer. the organization broke silence about massacre at a school in newtown connecticut that left 26 women and children dead. executive blaming violence on influences including video games, music videos, movies and even the media even suggesting that armed officers be in every school in america by next month. critics ripped his comments. but over the weekend he made it clear he
security security in bengahzi, first the latest on newtown, connecticut. this morning president obama is expected to announce that vice president joe biden will spearhead his administration's response to the newtown shooting. the president is not expected to go into detail on policy decisions, but yesterday the white house hinted at what new legislation might look like. >> he is actively supportive of, for example, senator feinstein's stated intent to revive a piece of legislation that would reinstate the assault weapons ban. he supports and would support legislation that addresses the problem of the so-called gun show loophole. and there are other elements of gun legislation that he could support. people talked about high-capacity ammunition clips for example. that's something that certainly he would be interested in looking at. >> the national rifle association has broken its silence issuing a statement reading in part "the nra is prepared to offer meaningful contributions to make sure this never happens again." the organization has planned what it describes as a major news conferen
including one whose twin sister survived that rampage. connecticut stit police lieutenant sadie tails were quote too difficult to discuss fktd they could hold the school and the home of adam lanza accountable. they pledge to seek change as he slowly recited the firs names of the victims. today white house press secretary jay carney warned that no single action or piece of legislation will prevent shootings like friday's attack. >> crowds lined up for the first of 26 funerals starting with 6-year-old noah pozner. they fell fwhook the ritual of never knowing again. >> they won't be able to drive go on the first date. >> it doesn't just break our hearts, it shatters them. >> neither senate leader called for any new gun laws. >> it was tied to the crusade they knew about. >> taking positions on common sense measure that is he believes should be taken to help address this problem. he made clear that more needs to be done. >> far more hesitant than the president at that dramatic prayer service. >> i will use whatever power this office holds to engage my fellow citizens from law enforcement and m
on a horrendous shooting in connecticut. that is coming throughout the hour. liz: how about alternative investment? putting money behind a pop culture icon. we are looking at other ways to make money than stocks but what about judy garland? the rights to her tv show are up for auction. did you know the rights and royalties of an investment can return 8% to 11% on average? better than a kick in the head. we have the man who is selling rights that he bought from judy garland's former husband. dave: today is the deadline for states to say if they will set up their own health care exchanges or leave it to the federal government to take care of. coming up an expert telling us why these exchanges could spell trouble for doctors, hospitals and insurance companies. liz: but what drove the market in the data download? stocks erasing weekly gains with all three major indices ending the week lower with the s&p snapping a three week winning streak. consumer discretionary and utilities for the week's worst performing sectors. the euro surged to its highest level in seven months at the dollar dropped for the fi
the next senator from connecticut. earlier he said he was praying that it would reached safely quickly and he said his thoughts and prayers were with the families and victims. the president has ordered flags to be flown at half staff until december 18. an anti-gun prayer vigil was held outside of the white house. it has been reported 20 children died in the school massacre in newtown. participants called on president obama to address gun violence. >> today is the day. today is the day. >> today is the day. >> today is the day. >> today is the day. we are going to call for a moment of silence. all of us that have candles, we are going to ask you to lift the candles as a career -- p rayer to the children who lost their lives today. let us pause for a moment of silence. let us lift up our candles as a light shining in dardanus. as a light shining in dardanus' all across this country. we can change -- as a light shining in darkness. we can change pain into joy. we can change the sarraute into gladness. today -- the sorrow into gladness. lift up those lights, brothers and sisters. let the l
to -- leaving at least 88 dead. the tragedy in connecticut is described as indescribable. 16 of the mass shootings this year, including one in georgia at a korean health spa back in february. it goes through other incidents. jackson, tenn., at a nightclub. a high school in rural ohio. a psychiatric hospital in pittsburgh, pennsylvania. it goes on from there. we are talking about preventing shootings. is there a role for the government or society? what do you think? republican line, silver lake. caller, hello, c-span. -- caller: hello, c-span. it has to do with a lot of things. it sounds like this man at 20, he did not have a strong father figure in his life, which should have. there is so much of that going on in this country today. host: what does that mean for you, paul? caller: i have three boys. i have taken my son's hunting and we have been shooting firearms since they were seven. they have never regretted it or had any trouble. they are raised operate. i have a strong connection with my children. i hope that they do with their children as well. you have got an incident down there t
the hour. i have your fox news minute. school is back in session and newtown, connecticut, with the exception of sandy hook elementary. meanwhile, mourners paying final respects to two more students killed in that tragic shooting. government officials say that the -- is working to stabilize the condition. they have not decided if he will be treated in baghdad or another country. a harvard university astronomer is think the device is stumbling in space and officials have not picked up any transmissions. that is to sign pointing to it being inactive at this point. back to you, dagen. dagen: thank you very much. let's talk about these markets. we have a pretty nice rally going on. gold is down. we have gains across the board it was the biggest game of the month, so far. over 10 million, and just 48 hours. the number of copies of google maps downloaded. there is the google stock price today. u.s. government hitting toyota with a record $17.4 million fine. it delayed a safety recall. remember 2010, over 48 william dollars for three violations when you think of christmas dinner,
power of the tragedy in newtown, connecticut, to try to put the pressure on republicans. he talked about them taking off their partisan war paint. he said he'd more than met them halfway in terms of spending cuts that he's offered, coming up in the income threshold for tax increases, and he has the upper hand in public opinion. there's no question about that. he is not surrendering that at this point. the question is whether speaker john boehner can move his caucus, even as far as he's already moved further toward the president. that's what the next couple days are going to be about. >> thank you very much, john. do you think, you think really sort of rumbling that we're hearing means that we have actually moved further away from the possibility of what i'm going to call the first of the 12 days of cliffness? >> insiders in both parties are telling me they think the prospects of no deal and going over the cliff have risen significantly. now, i continue to think that the fundamentals exist, as the president said in his news conference, there are only a few hundred billion dollars apart ov
their lives in the sandy hook elementary school shootings in newtown, connecticut. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. can i still ship a gift in time for christmas? yeah,
? gregg: new information about the man behind the horrific newtown, connecticut massacre. what scientists may learn about the gunman and why he carried out such a monstrous act. heather: new concern of president obama's new choice for secretary of state. why republican senators are refusing to approve senator kerry. gregg: ambassador john bolton will be us to yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. when i'm out with my kids, my daughter'like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. o
of silence following the events in connecticut last friday. it was a somber moment in the financial world. ten minutes from now, trading will begin and these are the stories which we will concentrate on this monday morning. speaker boehner says, go ahead, raise tax rates on millionaires, that's a retreat. it's a new offer from john boehner, a higher tax rate on incomes over a million a year. gas prices really falling fast. in the whole state of missouri the average is 2.94. nine states are within a few cents of breaking below $3 a gallon. and yes, it's the monday after the connecticut shooting and father jonathan morris is here for "varney & company." scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. can i still ship a gift in time r christmas? yeah, sure you can. great.
a while. we're devastated out of news out of connecticut. it is such a tragedy. we're doing business news for you here today but for the people and parents our hearts go out. adam: if the president does make a statement we'll carry that on fox business. lori: what does your commuter mouse say about you? the scary flaw in internet explorer that may leave you vulnerable. adam: a looked a what 10 and 30-year treasurys are doing today. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe
, connecticut, raising the prospect of policy changes to stem gun violence. it is monday, december 17th, 2012 and "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. let's take a look at our lineup today. first off, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not yet accepted the proposal. >>> also, apple says it has sold more than 2 million in iphone 5s in china just o
and improvements in the bridges in connecticut to make this in new and system to attract the ridership we need to make those cost savings and that calculation work. >> i guess i'm referring to the fact that the $4 billion in revenue projected, that's just one number, one benefit, one source. it's far from what we should be talking about and everybody knows that. but the more you can give us, the different angles you might take, i'm sure it's all going to be helpful. >> and we will do that with amtrak and our partners at u surks dot. >> any further questions from any members of the committee? >> i'd like to thank each of our witnesses today. today's hearing will remain open and unanimous consent that the record remain open for 15 days for questions submitted by members of today east hearing. i'd like to thank our witnesses for your testimony today and appreciate you working with our legislative calendar today. if no members have anything to add, the committee >> in new town, connecticut this morning, 27 people have been shot dead according to a report by the associated press. one of the gunman
in the reaction to the connecticut shootings. later, the impacts of the so- called fiscal cliff on tax filings. >> president obama on the school shooting in connecticut. he said the time is not to take meaningful action. he was notified by homeland security advisor john brennan. he ordered flags lowered to half staff. this is about 5 minutes. >> i spoke with governor malloy and fbi director muller. i offered governor malloy my condolences on behalf of the nation and made it clear he will have every resource he needs to investigate this crime, care for theirctimw and families. we have endured too many of these tragedies. each time i learned the news, i react not as a president but as anybody else would, as a parent. that was true today. there is not a parent in america who does not feel the same grief i fail. do. the majority of folks who died today were children between the ages of 5 and 10 years old. they had their entire lives head of them, birthdays, graduations, weddings, kids of their own. among the fallen were also teachers, who devoted their lives to helping our children fulfill their d
, connecticut. it did have a stake in freedom group. it has invested $751.4 million as of the end of march. cerberus acquired bushmaster last year. and my column today focuses on the number of private equity firms that have major stakes in gunmakers. colt, by the way, is another that is one of them. mid ocean owns a piece of bushnell. doesn't make guns, makes everything but the gun itself. >> what do you mean, the components? >> if you want a 25 round magazine loader, they have it. if you want a military grade night vision, they have it. if you need laser guided things, that's what they make. >> but if you look at the numbers, the sales of a lot of these gunmakers, freedom group in particular have been rising sharply. and, you know, the day after -- >> and the automatic rifle, that's where the growth is coming from. >> absolutely. the day after president obama was elected, you saw a sharp jump in sales. >> i should say as of last night when i was working on this piece, there was a a briefly statement been eliot spitzer wrote an item on his blog. at the time, it was not clear that you will
in the state of virginia, part of their constitutional guarantee to self-defense, but the deaths in connecticut have revived the debate about what kinds of weapons are needed for self- defense. many now want washington to come up with stricter laws about public access to guns. that would include a ban on semi-automatic weapons like the one used to kill people in newtown. >> i do not believe the second amendment covers them. the second amendment was written and a long time before this class of weapons was founded, merchandise, and spread all over our country. >> the national rifle association has broken its silence about last week's killings. in a statement, the nra says its members are shocked and saddened by the horrific and senseless murders. the powerful lobby has a press conference scheduled for friday, and some hope that it will accept stronger restrictions on the sale of assault weapons, but many gun owners think a ban is useless. >> my opinion is that is a natural knee-jerk reaction. we had an assault weapon ban in the pace -- in the past. that law expired and expired for a reason -- it
armed with a semiautomatic rifle gunned down 20 people in connecticut. meanwhile, the national rifle association has taken a hard- nce on the issue, calling for armed security guards in yev american school to protect students. >> the gun owner's organizatitin has proposed the establishment of a national school shield program, saying a bad guy with a gun can only be stopped by a good guy with a gun. the head of the inner raymond it clear that the nra opposes new gun laws. pro-gun control activists twice disrupted the press conference in washington. russian president vladimir putin has made sharp comments about a european energy law, saying it causes confusion and undermined trust. russia is the biggest exporter of energy to europe. >> putin was speaking in brussels, where he has been holding talks with eu leaders. his first visit after he was reelected. although russia and the you are close trading partners, there are various contentious issues which divide them. >> vladimir putin did not waste any time on arrival -- just a quick way that the cameras. outside, protesters clashed with
in connecticut. as has happened after other recent shooting sprees, sales of assault-style rifles have seen a spike in gun shops since the massacre. many buyers seem to fear the weapons will be banned and want to get one legally before hand. >> ceremonies have been held in several asian countries to remember the victims of the tsunami that struck several years ago. hundreds of thousands of people were killed in one of the biggest natural disasters in recent history. >> a powerful earthquake unleashed deadly waves across the indian ocean. thailand was one of the countries hit by the disaster. >> different faiths united in morning -- brutus, muslims, christians remembering those who died here in 2004. in thailand, the tsunami swept more than 5000 people to their deaths. many were tourists. along the coastline, people from dozens of countries parish. >> as we go farther away from the sorrow of what happened that day, we want to remember and let people know that the world can be one. >> the natural disaster struck with brutal force, leaving an equally staggering trail of destruction in its wake
. >>> today marks one week since the deadly connecticut school shooting. special prayer remembrance planned online. >>> good morning, everybody it's friday december 21st i'm brian flores. pam cook has the morning off. the rain, the wind, the cold is on the way here. >> it's al
, everyone. funerals are being held today for two more victims of friday's shooting in newtown, connecticut. families and friends paying theirtheir respects. a wake will be held for the teacher hailed as a hero for sacrificing her life, saving several students. family and friends paying their respects to 27-year-old victoria later today. senator patrick leahy squared in as a distinction given to the most senior member of the majority party in the senate. leahy now third in line for the presidency behind joe biden and john boehner. iraqi president is in a coma at this hour after suffering a stroke. government officials say the president's medical team is working to stabilize his condition. back to you. melissa: the fate of knight securities could be decided in a moment. exclusive new details on this one. charley. charley: this is coming down to the wire, major investments to help tell them out. they're telling me they expected the decision may be later tonight or early tomorrow morning. why did they do that? or the look medication with the board but this is what you're hearing from investme
and connecticut are looking at? >>guest: they will get almost all of it. when does congress say know to any of the people? our hearts bleed for the people who lost their homes to the terrible storm so you have the victims, they will put them on tv and say you got to give us the hundred and that brings me to a second point. if we are going to give, it will probably be well over $50 billion, why not have a policy when we have a crisis like this, and a natural emergency, cut other government programs c do we always have this unlimited credit card to increase the amount of the debt? that is why it gets to the point where geithner's proposal to wipe away the debt ceiling altogether is such a dangerous idea. it is like giving congress unlimited credit card where they can borrow for anything they want to spend money on. >>neil: i asked pennsylvania congressman after sandy, and said we n $12 billion to fema's budget, add it right now, and his part was speaking but i don't think his head was. >>guest: not compared to what happened with katrina. even to this day there are areas of new orleans that ha
applebaum. later, the service earlier tonight in newtown, connecticut . the expression -- he coined the expression iron curtain. it was such an evocative description of what happened when he gave the speech that i thought it was important to put that the beginning of the book. >> did you ever think of what he called that the iron curtain? >> there is a long story. it is a theatrical term. there was an iron curtain theaters used to use to prevent fires. churchill used it first in private. >> you know why? >> it was a favor for truman. that is where truman was from. >> let's get a slice of that speech. >> an iron curtain has descended across the continent. behind that line, like all the capitals of the ancient states of central and eastern europe -- berlin, prague, vienna, budapest, belgrade, bucharest. all of these famous cities and the population around them lying in rubble -- lie under the soviet sphere. >> why did you want to talk about this? >> i was inspired in my first book, and while this is in no way a sequel it represents thoughts i had. one thing i got interested in is the
in the wake of the connecticut tragedy, but the questions were mostly focused on the fiscal cliff. the president said he couldn't understand why john boehner was detouring to plan b because the differences are narrow enough that they can still work it out. >> i've said i'm willing to make some cuts. what separates suss probably a few hundred billion dollars. the idea that we would put our economy at risk because you can't bridge that gap doesn't make a lot of sense. >> the smackdown from john boehner came shortly afterwards. it was short and sweet. he spoke for less than a minute and he said the onus is going to be on president obama if we go over the fiscal cliff. >> tomorrow the house will pass legislation to make permanent tax relief for nearly every american, 99.81% of the american people. and then the president will have a decision to make. he can call on senate democrats to pass that bill or he can be responsible for the largest tax increase in american history. >> now bainor aides say they're confident they can pass their plan b, which would raise taxes only on incomes of a
shooting in american history. does the tragedy in connecticut mean the country needs new gun laws? we'll have a fair & balanced look next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. jamie: this just in. the u.s. marine veteran who spent four months behind bars in one of mexico most violent prisons is now home. this is my favorite christmas story because jon hammar was jailed in deplorable conditions on a questionable gun charge in mexico. he was taken to a u.s. hospital with flu-like symptoms. just arriving back at his family's home in florida. that is where steve harrigan is live in palmetto bay, florida. steve, what a christmas gift for this family. >> reporter: jamie, it was rashable to see here, four or five minutes ago
in the connecticut state senate where he served for ten years, including six as the majority leader of the connecticut state legislature. after returning to private practice for two years, he served as the first full-time connecticut attorney general. it was during his years as attorney general that he met the love of his life, hadassah. today they have 4 children and 12 grandchildren. then in 1988, again he took on one of the giants of politics in the state of connecticut, a race that no one thought he could win, but he did. he defeated an incumbent united states senator. and for the last 24 years he served the people of connecticut and this country with honor and distinction. i was also pleased to have the opportunity to support senator lieberman's historic candidacy for vice president in 2000. joe was the first major jewish party candidate for vice president. senator lieberman is a devout observant jew. he's written a book about the importance of keeping the sabbath as a day of rest. i read the book. i was so impressed with that book. our sabbaths may be on different days, but th
control after the shooting massacre in newtown connecticut. tom coburn says he did not vote to confirm chuck hagel if president obama nominated him. hagel a former republican senator he says lacks the experience to manage an organization like the pentagon. margaret thatcher leaving the hospital. she was admitted last week for an operation to remove a bladder growth. >> gregg: senate majority leader harry reid saying he is not overly optimistic that a deal will be reached to avoid the so-called fiscal cliff. even if they get something passed here there are other challenges that our economy will face. global powers like china and europe and japan are having major problems of their own. that could affect the way they do business with us. joining us is to talk about, ed, good to see you. biggest problem some of these governments to stimulate their economies, die let's just print a bunch of money. that has catastrophic events with them and even with the united states that may tried traded with them. >> that seems to be just to print money. that is not how it works. when somebody prints mone
the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversing its move lower this morning, sold more than 2 million iphone 5s in china. the best debut for any iphone in the china market. apple shares are higher as we mentioned. moving away from market bear territory. apple h
in newtown, connecticut. >> yep. >> we're all hugging our children a little more tightly this season. >> and everything's on the table. >> as an outdoorsman, i think we need to completely rethink guns in america. >> i think we need to protect our kids at the school, though. everything's on the table. >> our thoughts and prayers are with the families in newtown. >> thank you both very much. right now it's time for "squawk on the street." good morning. welcome to "squawk on the street." which debuted on cnbc's seven years ago today. happy anniversary to us. i'm melissa lee with carl and jim cramer and david faber live from the new york stock exchange. let's look at how we're setting up after yesterday's rally. particular strength in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end
it is in the public one. i need to start with celeste in connecticut. celeste. >> caller: hi, jim. from connecticut. first-time caller. i'm excited. >> thank you. >> caller: back in january you said you like catamaran, ctrx, when it was under its old name, xsa, up 72%. thank you so much. i heard it just signed with target. so how does that look? is it a hold or a sell? >> no, i don't think it's -- you own it. i know it's up a lot. so i understand it is hard to taking capital gains if capital gains go up. but i like the pharmacy benefits business. i also like cvs, reports next week. i want you to stay in this. i think it's a really, really good company. i'm glad that you bought it on our recommendation. let's go to sylvia in florida. sylvia. >> caller: hi, jim. it's so great to hear your voice. i'm a regular. >> thank you. >> caller: and i have a question for you about ibm. i've owned it since the beginning of the year and it's gone down significantly. although today it's gone up just a bit. and i understand that the company is changing what they give to the employees for their 401(k) interest. is t
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